Description

Catalyst Trusteeship Limited announces partial redemption and reduced face values for six series of Pass-Through Certificates (PTCs) of India Universal Trust AL1 & AL2, effective October 9, 2025.

Summary

BSE has been informed by Catalyst Trusteeship Limited of partial redemption of Pass-Through Certificates (PTCs) for India Universal Trust AL1 and AL2 across six series (A1, A2, A3 for each trust). The redemption results in substantially reduced face values per PTC, ranging from Rs. 4,022,729.81 to Rs. 9,591,616.71 depending on the series. Trading members are advised that these PTCs will trade with the reduced face values effective October 9, 2025.

Key Points

  • Six PTC series affected across two trusts (AL1 and AL2)
  • AL1 Series A1 (976050): Reduced face value Rs. 4,022,729.81 per PTC
  • AL1 Series A2 (976051): Reduced face value Rs. 8,547,191.27 per PTC
  • AL1 Series A3 (976052): Reduced face value Rs. 9,305,880.08 per PTC
  • AL2 Series A1 (976206): Reduced face value Rs. 5,024,023.04 per PTC
  • AL2 Series A2 (976207): Reduced face value Rs. 8,000,723.54 per PTC
  • AL2 Series A3 (976208): Reduced face value Rs. 9,591,616.71 per PTC
  • Catalyst Trusteeship Limited acts as trustee
  • Notice reference: DR-732/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action notification for partial redemption of debt securities.

Compliance Requirements

  • Trading members must note the reduced face values for all six PTC series
  • Trading systems must reflect updated face values from the effective date
  • Members should inform clients holding these PTCs about the partial redemption

Important Dates

  • Notice Date: October 8, 2025
  • Effective Date for Trading: October 9, 2025

Impact Assessment

Market Impact: Medium - affects holders of six specific PTC series with substantial face value changes. Trading members need to update systems and inform clients.

Operational Impact: Partial redemption reduces outstanding principal on these PTCs. Investors receive partial repayment while continuing to hold securities with reduced face values. The high per-unit face values suggest these are institutional-grade debt instruments with limited retail participation.

Impact Justification

Routine partial redemption affecting six PTC series with significant face value reductions; impacts debt security holders but is standard corporate action